Twin Vee PowerCats prices $2.5M common stock offering at $0.384/share

Twin Vee PowerCats, Co.

Gross proceeds ~$2.5M from 6.49M shares at $0.384/share, offering closed March 24.
ThinkEquity sole placement agent; 7% cash fee, 1% expense allowance, $115K reimbursement.
Placement agent warrants for 324,595 shares (5% of offering), exercisable for 5 years.
Proceeds for working capital; officers/directors subject to 6-month lock-up, company 3-month lock-up.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Twin Vee PowerCats, Co. entered into Placement Agency Agreement with ThinkEquity LLC valued at Issuance of 6,491,900 shares at $0.384 per share; gross proceeds approximately $2.5 million (effective 2026-03-23).

Action: entry
Agreement: underwriting
Counterparty: ThinkEquity LLC
Value: Issuance of 6,491,900 shares at $0.384 per share; gross proceeds approximately $2.5 million
Effective: 2026-03-23

Exact text from the filing

On March 23, 2026, Twin Vee PowerCats Co., a Delaware corporation (the “Company”), entered into a placement agency agreement (the “Placement Agency Agreement”) with ThinkEquity LLC, as sole placement agent (the “Placement Agent”), pursuant to which the Company agreed to issue and sell directly to various investors in a best efforts public offering (the “Offering”) an aggregate of 6,491,900 shares (the “Shares”) of the Company’s common stock, par value $0.001 per share (the “Common Stock”), at a public offering price of $0.384 per share.

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Source: SEC EDGAR

accession 0001731122-26-000483

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